FirmaIQ
Org.nr 884 665 582 2012 → 2013 Year-over-year analysis

ADVOKATFIRMAET BJØRGE - SKAARAAS & CO AS: årsregnskap 2013 vs 2012

Grew 15% on revenue

approved 2014-04-02; registry 2014-04-05; journal 2014 343401

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2013 with 2012 for ADVOKATFIRMAET BJØRGE - SKAARAAS & CO AS. Revenue 12.58m NOK → 14.51m NOK (+15.4%). Net result +3.27m NOK → +3.70m NOK. Equity 1.01m NOK → 1.01m NOK.

On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded.

Also worth watching: thin equity buffer; payroll increased. All figures are taken from the published annual accounts for ADVOKATFIRMAET BJØRGE - SKAARAAS & CO AS.

At a glance

Scorecard

Revenue
12.58m NOK 14.51m NOK
+15.4%
Operating result
+4.39m NOK +5.09m NOK
+15.9%
Net result
+3.27m NOK +3.70m NOK
+12.9%
Equity
1.01m NOK 1.01m NOK
-0.4%
Cash
1.32m NOK 2.40m NOK
+81.7%
Total assets
10.12m NOK 11.24m NOK
+11.0%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 12.58m NOK to 14.51m NOK (+15.4% YoY). Calculated

  • ↑

    Operating result improved

    Operating result +4.39m NOK → +5.09m NOK (op. margin 34.9% → 35.1%). Calculated

  • ↑

    Net result improved

    Net result +3.27m NOK → +3.70m NOK (net margin 26.0% → 25.5%). Calculated

  • ↑

    Cash rose

    Bank deposits 1.32m NOK → 2.40m NOK (+81.7% YoY). Calculated

What deteriorated

  • ↓

    Equity eroded

    Book equity 1.01m NOK → 1.01m NOK (equity ratio 10.0% → 9.0%). Calculated

Things to notice

  • ·

    Thin equity buffer

    Equity ratio is 9.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation

  • ·

    Payroll increased

    Salary cost 5.90m NOK → 6.69m NOK (47% → 46% of revenue). Calculated